The Ministry of Economy performs works and duties related to:

• Monitoring the state and developments on the market of goods and services and impact of measures of the economic policy; 
• Monitoring of economic, structural and technical and technological situations and proposing measures for accomplishing development and ongoing economic policy in area of production, trade, tourism, hospitality services and handicraft; 
• Undertaking measures against monopoles and monopole behavior; 
• Monitoring current material balances and providing citizens with fundamental foodstuff and other consumer goods, and enterprises with raw materials; 
• System and Policy of Prices for products and services; 
• Preparing program for global material development of human resources; 
• Industrial property; 
• Protection of consumers; 
• Small and Medium Enterprises and Cooperatives; 
• Monitoring international economic movements, as well as their impact over economic relations of the Republic of North Macedonia; 
• Foreign Trade; 
• Geological research and exploitation of minerals; 
• Energy; 
• Use of general and technical norms, regulations and standards; 
• Metrology; 
• Performing surveillance under their authority; and 
• Performing other duties as stipulated by Law.